OtherWords: IT’S TIME TO STOP PROFITEERING AT THE PUMP.
May 18, 2022
For decades, we’ve allowed big oil and gas companies to enrich themselves at the expense of our families, communities, and environment. Now these companies are seizing a moment of geopolitical unrest to pad their pockets even more. Oil companies are celebrating some of their biggest profits in years. In the first three months of 2022 alone, ExxonMobil raked in a record $5.5 billion, ConocoPhillips $5.8 billion, and Chevron $6 billion. On quarterly earnings calls with their shareholders, big oil CEOs can’t stop bragging about how the crisis in Ukraine is a great excuse to keep prices high and bring in historic profits — while consumers literally pay the price.